PolicyPal Network and ERGO to release an insurance product

PolicyPal Network will be unveiling a brand new blockchain-empowered Flight Delay Insurance underwritten by ERGO
10 June 2018   830

As the number of flights is rising worldwide - so is the number of delays. Submitting a claim to the issuing insurer has already become a hassle. PolicyPal Network blockchain is claimed to resolve the inconvenience. The blockchain-powered automatic Flight Delay Insurance underwritten by ERGO. It will be available for purchase via the PolicyPal Singapore app starting July 1.

Flight delay insurance built on the blockchain allows for automated claims (smart contracts are going to facilitate automating claims processes and increase efficiency). The blockchain will provide transparency and immutability to improve security and validity pertaining to the information stored in smart contracts. On top of that, insurance cost on the blockchain is greatly reduced to the immutability.

At the moment of publication, PolicyPal Network market parameters are as follows:

Average price 0.028516 USD
Market cap 10,225,622 USD
Volume (24H) 41,214 USD

Raven Protocol to be the First IDO at Binance DEX

Team cannot say exactly how IEO will pass, since similar campaigns hadn't been concluded at Binance DEX before, but they are going to sell $500k worth tokens
14 June 2019   344

The Raven Protocol cryptocurrency project announced about the planned initial exchange offering (IEO), which will be based on the infrastructure of the Binance DEX exchange - in this case the campaign will be called IDO or Initial Dex Offering.

Raven Protocol confirmed the right to list its token on Binance DEX paired with BNB on June 17 at 9:00 UTC. At the same time, the IDO of RAVEN tokens will start. The project draws attention to the fact that neither Binance, nor Binance Chain, nor Binance DEX stand behind this initiative.

At the same time, Raven Protocol notes that it cannot say how exactly IEO will pass, since with Binance DEX, similar campaigns have not been conducted before.

Potential participants need to pass a preliminary identification by sending to the address of founders@ravenprotocol.com their address in the Binance Chain, an identity document, a selfie and proof of residence.

In total, Raven Protocol expects to raise $ 500,000 by selling 3% of its own token emission (300,000,000 RAVEN). Accommodation will be on a first come, first served basis. The limit on the amount of investment for one user is declared at the level of 100 BNB.